Totals
- Total revenue
- $1,346,723
- Total expenses
- $1,295,936
- Contributions and grants received
- $458,684
- Grants paid
- $0
- Program service revenue
- $696,015
- Investment income
- $30,211
- Other revenue
- $161,813
- Total assets, end of year
- $2,585,770
- Total liabilities, end of year
- $430,215
- Net assets or fund balances, end of year
- $2,155,555
- Program services expenses (Part IX)
- $1,250,060
- Management and general expenses
- $45,876
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,250,060
Program services were 96.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$3,222
-
1f · All other contributions, gifts and grants
$455,462
-
2a · Program service revenue: HOT ROD REUNIONS
total $637,358 · related or exempt $633,908 · unrelated business $3,450
-
2b · Program service revenue: MUSEUM ADMISSIONS
total $58,657 · related or exempt $58,657
-
3 · Investment income
total $25,997 · excluded $25,997
-
5 · Royalties
total $4,866 · excluded $4,866
-
6a · Gross rents
real property $10,470
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $10,470
-
6d · Net rental income or loss
total $10,470 · excluded $10,470
-
7a · Gross sales of assets other than inventory
securities $3,309 · other assets $905
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $0
-
7c · Gain or loss
securities $3,309 · other assets $905
-
7d · Net gain or loss
total $4,214 · excluded $4,214
-
9a · Gaming: gross income
$6,934
-
9b · Gaming: direct expenses
$6,378
-
9c · Net income from gaming
total $556 · excluded $556
-
10a · Gross sales of inventory
$278,532
-
10b · Cost of goods sold
$139,274
-
10c · Net income from sales of inventory
total $139,258 · related or exempt $139,258
-
11a · Other revenue: MISCELLANEOUS INCOME
total $6,663 · excluded $6,663
-
11e · Other revenue, total
$6,663
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $46,000 · program services $46,000
-
7 · Other salaries and wages
total $243,763 · program services $234,012 · management and general $9,751
-
8 · Pension plan contributions
total $4,425 · program services $4,248 · management and general $177
-
9 · Other employee benefits
total $26,848 · program services $25,774 · management and general $1,074
-
10 · Payroll taxes
total $21,201 · program services $20,353 · management and general $848
-
11a · Fees: management
total $18,757 · management and general $18,757
-
11b · Fees: legal
total $151 · management and general $151
-
11g · Fees: other
total $517 · program services $517
-
12 · Advertising and promotion
total $11,989 · program services $11,989
-
13 · Office expenses
total $30,588 · program services $29,110 · management and general $1,478
-
16 · Occupancy
total $78,130 · program services $75,005 · management and general $3,125
-
17 · Travel
total $4,449 · management and general $4,449
-
22 · Depreciation, depletion and amortization
total $56,731 · program services $54,461 · management and general $2,270
-
23 · Insurance
total $37,453 · program services $35,955 · management and general $1,498
-
24a · Other expenses: HOT ROD REUNION EXPENSE
total $712,636 · program services $712,636
-
24b · Other expenses: TAXES/PERMITS
total $1,560 · management and general $1,560
-
24c · Other expenses: RECRUITMENT/RELOCATION
total $738 · management and general $738
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $678,468 · end of year $537,060
-
2 · Savings and temporary cash investments
beginning of year $9,954 · end of year $10,193
-
4 · Accounts receivable
beginning of year $9,838 · end of year $55,702
-
8 · Inventories for sale or use
beginning of year $132,394 · end of year $114,116
-
9 · Prepaid expenses and deferred charges
beginning of year $18,102 · end of year $19,808
-
10a · Land, buildings and equipment: cost or other basis
$1,600,749
-
10b · Land, buildings and equipment: accumulated depreciation
$1,123,876
-
10c · Land, buildings and equipment, net
beginning of year $531,586 · end of year $476,873
-
11 · Investments: publicly traded securities
beginning of year $763,515 · end of year $812,480
-
15 · Other assets
beginning of year $245,315 · end of year $559,538
-
17 · Accounts payable and accrued expenses
beginning of year $166,589 · end of year $239,506
-
19 · Deferred revenue
beginning of year $22,487 · end of year $23,523
-
25 · Other liabilities
beginning of year $115,228 · end of year $167,186
-
27 · Net assets without donor restrictions
beginning of year $2,084,868 · end of year $2,155,555
Mission and programs · 2023
Mission
NHRA VISION IS ORGANIZED FOR CHARITABLE AND EDUCATIONAL PURPOSES. THE ORGANIZATION OBTAINS, CARES FOR AND DISPLAYS ITEMS OF LASTING INTEREST OR VALUE RELATING TO THE SPORT OF DRAG RACING IN A FACILITY THAT IS OPEN TO THE GENERAL PUBLIC. THE ORGANIZATION SPONSORS AND CARRIES ON ACTIVITIES THAT FOSTER A BETTER UNDERSTANDING OF THE HISTORY AND DEVELOPMENT OF THE SPORT AND THE PEOPLE AND INDUSTRY ASSOCIATED WITH THE SPORT, AND PROMOTES THE SPORT OF DRAG RACING, INCLUDING PROMOTING PARTICIPATION IN THE SPORT BY YOUTH AND OTHERS.
Activities or mission (Part I)
PRESERVE AND DISPLAY MOTORSPORTS HISTORY AND ITEMS; EDUCATE THE PUBLIC REGARDING THE SAME.
-
SINCE THEIR INCEPTION, THE NOSTALGIA RACING EVENTS FORMERLY KNOWN AS "HOT ROD REUNIONS AND NOW KNOWN AS "NOSTALGIA NATIONALS" HAVE OFFERED HOT RODDERS AND RACERS THE OPPORTUNITY TO REUNITE WITH OLD FRIENDS AND REMINISCE ABOUT "THE GOOD OLD DAYS" WHILE ALSO PROVIDING A PLATFORM FOR NEW PEOPLE TO EXPERIENCE THE HISTORIC ORIGINS OF THE SPORT. THE NOSTALGIA NATIONALS INCLUDE VINTAGE DRAG RACING, A CAR SHOW, A CHANCE FOR FANS TO MEET THE LEGENDS AND STARS OF THE SPORT, AND THE HIGHLY POPULAR "CACKLEFEST" AUTOMOBILE EXHIBITION.
Expenses $712,636 · Revenue $776,616
-
INVOLVEMENT IN YOUTH EDUCATION AND RACING PROGRAMS INCLUDING SUPPORT FOR MOTORSPORTS CAREER OPPORTUNITY AND DEVELOPMENT PROGRAMS AND SUPPORT FOR YOUTH DRAG RACING PROGRAMS.
Expenses $405,889
-
MAINTAIN THE NHRA MOTORSPORTS MUSEUM.
Expenses $131,535 · Revenue $58,657
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
David Kennedy - President ChairDAVID KENNEDY - PRESIDENT CHAIR
(THRU 01/23)/SECRETARY (AS OF 01/23)
- Total calculated
- $233,758
- From this org
- $0
- From related orgs
- $185,026
- Other
- $48,732
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $153,427 related
- Bonus
- $0 + $15,695 related
- Other
- $0 + $15,904 related
- Deferred
- $0 + $7,163 related
- Nontaxable benefits
- $0 + $41,569 related
- Filer's total
- $0 + $233,758 related
-
Cheyenne HuangCHEYENNE HUANG
TREASURER
- Total calculated
- $190,800
- From this org
- $0
- From related orgs
- $179,776
- Other
- $11,024
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $135,817 related
- Bonus
- $0 + $27,000 related
- Other
- $0 + $16,959 related
- Deferred
- $0 + $6,647 related
- Nontaxable benefits
- $0 + $4,377 related
- Filer's total
- $0 + $190,800 related
-
Dale ColemanDALE COLEMAN
CHAIR (AS OF 01/23)
- Total calculated
- $46,000
- From this org
- $46,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
Schedule J breakdown matched by us
- Base
- $46,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $46,000
-
Bradley GerberBRADLEY GERBER
BOARD MEMBER
- Total calculated
- $706,363
- From this org
- $0
- From related orgs
- $692,429
- Other
- $13,934
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $589,660 related
- Bonus
- $0 + $87,750 related
- Other
- $0 + $15,019 related
- Deferred
- $0 + $13,200 related
- Nontaxable benefits
- $0 + $734 related
- Filer's total
- $0 + $706,363 related
-
Marleen Gurrola - Board MemberMARLEEN GURROLA - BOARD MEMBER
SECRETARY (THRU 01/23)
- Total calculated
- $314,521
- From this org
- $0
- From related orgs
- $273,911
- Other
- $40,610
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $198,616 related
- Bonus
- $0 + $60,250 related
- Other
- $0 + $15,045 related
- Deferred
- $0 + $10,610 related
- Nontaxable benefits
- $0 + $30,000 related
- Filer's total
- $0 + $314,521 related
-
Evan JonatEVAN JONAT
BOARD MEMBER
- Total calculated
- $323,011
- From this org
- $0
- From related orgs
- $268,544
- Other
- $54,467
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $187,559 related
- Bonus
- $0 + $60,000 related
- Other
- $0 + $20,985 related
- Deferred
- $0 + $10,400 related
- Nontaxable benefits
- $0 + $44,067 related
- Filer's total
- $0 + $323,011 related
-
Gale BanksGALE BANKS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Alex XydiasALEX XYDIAS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- THE ORGANIZATION RELIED ON A RELATED ORGANIZATION THAT USED ONE OR MORE OF THE METHODS TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION.
- PART II:
- DALE COLEMAN, BOARD MEMBER, WAS PAID THROUGH AN UNRELATED ORGANIZATION, HIGHBRIDGE ASSOCIATES THAT WAS REPORTED ON FORM 1099 AND INCLUDED IN SCHEDULE J, PART II.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(6) · ADVANCEMENT OF MOTORSPORTS · CA
-
NHRA IGNITION
501(C)(3) · CHARITABLE ACTIVITIES · CA · controlled entity
Directly controlled by NHRA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413199349315681
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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